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2022
Destination $5.03M United States
2021 - 2022
FASTEST GROWING MARKET $5.03MUnited States
2022
PRODUCT COMPLEXITY IN Narrow Woven Fabric-0.052Rnk 562 / 1025
2022
ImportsfalseWorld Rnk 33 / 218
Flag Rnk 734 / 1213
2022
Origin $2.53M China
2021 - 2022
FASTEST GROWING ORIGIN $2.53MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported N/A in Narrow Woven Fabric, making it the 9th largest exporter of Narrow Woven Fabric in the world. At the same year, Narrow Woven Fabric was the 360th most exported product in South Korea. The main destination of Narrow Woven Fabric exports from South Korea are: United States ($28.2M), Vietnam ($23.1M), Indonesia ($12.5M), Canada ($8.75M), and Mexico ($5.88M).

The fastest growing export markets for Narrow Woven Fabric of South Korea between 2021 and 2022 were United States ($5.03M), Indonesia ($1.39M), and Mexico ($1.28M).

Imports In 2022, South Korea imported $37.2M in Narrow Woven Fabric, becoming the 33rd largest importer of Narrow Woven Fabric in the world. At the same year, Narrow Woven Fabric was the 734th most imported product in South Korea. South Korea imports Narrow Woven Fabric primarily from: China ($17.5M), Philippines ($6.07M), Vietnam ($3.24M), Japan ($2.74M), and Italy ($1.31M).

The fastest growing import markets in Narrow Woven Fabric for South Korea between 2021 and 2022 were Vietnam ($2.53M), Philippines ($665k), and France ($506k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Narrow Woven Fabric from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Narrow Woven Fabric exports accounted up to $6.88M and imports accounted up to $2.81M, resulting in a positive trade balance of $4.08M. Between July 2023 and July 2024 the exports of South Korea's   Narrow Woven Fabric have increased by $1.98M (40.5%) from $4.9M to $6.88M, while imports increased by $280k (11.1%) from $2.53M to $2.81M.

Destinations In July 2024, Narrow Woven Fabric were exported mostly to United States ($1.93M), Vietnam ($1.18M), Mexico ($781k), Canada ($634k), and Japan ($457k), and were imported mostly from China ($1.12M), Philippines ($500k), Vietnam ($364k), Italy ($343k), and Japan ($119k).

Growth In July 2024, the increase in Narrow Woven Fabric's year-by-year exports was explained primarily by an increase in exports to Japan ($134k or 27.6%), Norway ($47k or 427%), and Cambodia ($38k or 127%). In July 2024, the increase in Narrow Woven Fabric's year-by-year imports was explained primarily by an increase in imports from Philippines ($156k or 54%), United States ($30k or 125%), and Germany ($23k or 1.15k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.98M(40.5%)
IMPORT GROWTH (July 2023 - July 2024)$280k(11.1%)
MAIN DESTINATION (July 2024)United States$1.93M

This section shows Narrow Woven Fabric's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Narrow Woven Fabric over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$37.2M

In N/A, South Korea exported N/A in Narrow Woven Fabric. The main destinations of South Korea exports on Narrow Woven Fabric were United States ($28.2M), Vietnam ($23.1M), Indonesia ($12.5M), Canada ($8.75M), and Mexico ($5.88M).

In 2022, South Korea imported $37.2M in Narrow Woven Fabric, mainly from China ($17.5M), Philippines ($6.07M), Vietnam ($3.24M), Japan ($2.74M), and Italy ($1.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Narrow Woven Fabric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$5.03M (21.7%)
Indonesia$1.39M (12.5%)
Mexico$1.28M (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Narrow Woven Fabric BY South Korea WERE (2021 - 2022):
Japan-$1.2M (-19.6%)
India-$1.13M (-37.4%)
Pakistan-$788k (-92.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Narrow Woven Fabric were:
China $1.89B
Chinese Taipei $319M
Germany $300M
In 2022, South Korea's main importing competitors in Narrow Woven Fabric were:
United States $441M
Vietnam $334M
Mexico $279M

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Trade Value of Narrow Woven Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.57M
TOP IMPORT POTENTIALChina+ $7.63M

Narrow Woven Fabric’s highest export potential is China. With an export gap of $3.57M.   Narrow Woven Fabric’s highest import potential is China with an import gap of $7.63M.

See methodology.

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